Retail prices of petrol were slightly slashed on Thursday afternoon after four consecutive increases.
Following the latest price adjustment by the Ministry of Industry and Trade, and the Ministry of Finance, the price of E5RON92 biofuel fell by VND180 per litre to VND22,280 per litre and RON95 declined by VND260 to VND23,290 per litre.
Diesel prices also decreased by VND340 to VNDVND20,830 per litre, and kerosene fell by VND180 to VND21,030 per litre.
Meanwhile, the price of mazut oil rose by VND250 per kilo to VND17,780 per kilo.
In this price adjustment, the two ministries decided not to use the petrol price stabilisation fund.
Since the beginning of this year, petrol prices have increased 16 times and fell 11 times with RON95 up by VND1,380 per litre.